Michael Cohen's partner, Evgeny Freidman, has agreed to assist state and federal investigators as a witness in exchange for no jail time, the New York Times reports.

Why it matters: This is more bad news for Cohen, and potentially for President Trump. As Axios' Jonathan Swan and Mike Allen reported, Cohen "is potentially more perilous to President Trump than anybody else." Per the Times, this plea deal could result in added pressure on Cohen to cooperate with special counsel Robert Mueller.